Common use of Communications with Mezzanine A Lender Clause in Contracts

Communications with Mezzanine A Lender. Lender shall have the right, at any time, to communicate with Mezzanine A Lender regarding the Property, the Collateral, the Loan, the Mezzanine A Loan, or any other matter without notice to or permission from Borrower or any Borrower Party. Such communications may include disclosure of information and reports received from any Borrower Party or Manager, and discussions relating to amending (or declining to amend) the terms of the Loan and Mezzanine A Loan, issuing (or declining to issue) consents under the Loan and Mezzanine A Loan, and enforcing (or declining to enforce) rights under the Loan and Mezzanine A Loan. Lender and Mezzanine A Lender may enter into such communications with a view solely to the advancement and protection of their own respective interests, without any duty or obligation to any Borrower Party. In no event shall either Lender or Mezzanine A Lender have any liability to Borrower or any Borrower Party on account of communications between Lender and Mezzanine A Lender. Neither Lender nor Mezzanine A Lender shall have any obligation to disclose to Borrower or any Borrower Party the existence or contents of such communications.

Appears in 4 contracts

Samples: Mezzanine C Loan Agreement (NorthStar Healthcare Income, Inc.), Mezzanine C Loan Agreement (Northstar Realty Finance Corp.), Mezzanine B Loan Agreement (NorthStar Healthcare Income, Inc.)

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